Fair Isaac Co. (NYSE:FICO) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in shares of Fair Isaac Co. (NYSE:FICO) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,446 shares of the technology company’s stock after selling 175 shares during the period. Retirement Systems of Alabama’s holdings in Fair Isaac were worth $6,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FICO. Cornercap Investment Counsel Inc. purchased a new stake in shares of Fair Isaac during the fourth quarter worth about $249,000. Patton Fund Management Inc. lifted its stake in shares of Fair Isaac by 88.1% during the fourth quarter. Patton Fund Management Inc. now owns 4,620 shares of the technology company’s stock valued at $5,378,000 after buying an additional 2,164 shares during the period. SG Americas Securities LLC lifted its stake in shares of Fair Isaac by 289.0% during the 4th quarter. SG Americas Securities LLC now owns 2,338 shares of the technology company’s stock worth $2,721,000 after purchasing an additional 1,737 shares during the period. abrdn plc boosted its holdings in shares of Fair Isaac by 33.1% during the fourth quarter. abrdn plc now owns 14,524 shares of the technology company’s stock worth $16,906,000 after purchasing an additional 3,611 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Fair Isaac by 741.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,780 shares of the technology company’s stock valued at $4,152,000 after purchasing an additional 4,212 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Fair Isaac Stock Up 2.4 %

Shares of FICO stock opened at $1,193.01 on Friday. The stock has a market cap of $29.48 billion, a price-to-earnings ratio of 62.63, a price-to-earnings-growth ratio of 3.14 and a beta of 1.24. Fair Isaac Co. has a fifty-two week low of $729.54 and a fifty-two week high of $1,349.75. The firm’s 50 day moving average price is $1,226.09 and its two-hundred day moving average price is $1,158.28.

Insider Buying and Selling at Fair Isaac

In other news, CEO William J. Lansing sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $1,259.91, for a total transaction of $10,079,280.00. Following the transaction, the chief executive officer now directly owns 28,638 shares of the company’s stock, valued at $36,081,302.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 24,000 shares of company stock valued at $29,011,120 over the last ninety days. Corporate insiders own 3.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FICO shares. Redburn Atlantic began coverage on Fair Isaac in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $1,113.00 price target on the stock. Barclays boosted their target price on shares of Fair Isaac from $1,234.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Raymond James increased their price target on shares of Fair Isaac from $1,413.00 to $1,418.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $1,350.00 price objective on shares of Fair Isaac in a research note on Friday, January 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Fair Isaac in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,224.40.

Fair Isaac Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.